Financial Control Officer Job at Selcom Microfinance Bank – August 2025
Selcom Microfinance Bank, a fast-growing institution committed to financial inclusion and innovation, is currently seeking a Financial Control Officer to join its finance team in Tanzania. This role is designed for a highly analytical professional who thrives in financial planning, cost control, and performance reporting.
Job Title: Financial Control Officer
Location: Tanzania
Organization: Selcom Microfinance Bank
Application Deadline: August 12, 2025
Employment Type: Full-Time
Application Email: career@smfb.co.tz
Purpose of the Role
The Financial Control Officer plays a crucial role in analyzing financial data, ensuring regulatory compliance, monitoring costs, and supporting strategic financial decisions. The role also contributes to the bank’s budgeting process, procurement oversight, and cost-to-income ratio improvement.
Key Responsibilities
1. Reporting & Analysis
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Prepare timely and accurate monthly and quarterly financial reports.
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Analyze branch and departmental performance.
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Support board reporting by preparing slides and financial presentations.
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Collaborate with the Risk & Compliance department to incorporate IFRS 9 ECL Model adjustments into management accounts.
2. Cost & Revenue Oversight
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Track operational costs and revenue streams against budget.
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Identify cost-saving opportunities and revenue leakages.
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Conduct trend analysis on operational expenditure (OPEX).
3. Procurement Oversight
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Ensure full compliance with internal procurement policies.
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Coordinate tender processes including documentation, evaluation committees, and vendor pre-qualification.
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Verify supplier data and provide pre-approvals as needed.
4. Budget Management
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Lead the annual budget coordination process across departments.
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Consolidate departmental budgets into a master budget template.
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Work closely with the Chief Accountant on final budget submissions.
5. Expenditure Reviews
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Review all expenditure requests from the administration team.
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Confirm whether spending aligns with approved budget lines and cost necessity.
6. Team Collaboration
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Provide guidance to department heads on budget utilization.
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Promote a culture of accountability and cost-awareness across teams.
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Foster teamwork and professional respect among finance and cross-functional teams.
Minimum Requirements
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Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
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Pursuing or holding a CPA or ACCA qualification is an added advantage.
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At least 3 years of experience in financial control, accounting, or related finance roles.
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Strong Excel skills; proficiency in PowerPoint and data analysis tools is a plus.
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Strong critical thinking, attention to detail, and eagerness to learn.
Why Join Selcom Microfinance Bank?
Selcom is known for its commitment to digital finance, operational efficiency, and inclusive banking services. This role offers a unique opportunity to influence decision-making, improve financial health across departments, and grow within a progressive institution.
Application Instructions
To apply for the Financial Control Officer position:
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Send your CV and cover letter to:
career@smfb.co.tz -
Ensure your email subject line clearly states: Application for Financial Control Officer – August 2025
Application Deadline: August 12, 2025
Only shortlisted candidates will be contacted for interviews.
